What Happens

What happens at the auction?

For anybody that is new to a live auctioneers, the prospect of it can be quite daunting. We have made it as easy as possible for you to understand in our walkthrough. This should cover any questions that you might have and prepare you for the day. If there is something that we have not covered that you would like to know please get in touch with us.

The Process

It all starts at home

The first part of any auction process starts at home. You must firstly decide on what items you would like to sell and how much you would like for them. Once you have decided on this you can think about moving your items to the auction house.

Getting Your Items to the Auction

You can bring your items to our auction house yourself or have them collected from your home by our staff. (Please see collection times on our selling page).

If you choose to have your items collected there will be a charge. This covers the labour of our staff and the cost of hiring a van. Any charges accrued will be deducted from the final total of funds raised from sales.

We advise that before hiring our services you get in touch with us for a quote. Some items you have may not be of a high enough value to warrant having them collected. In other words, it may cost you more to hire our services than the money you will make on your goods. If your goods are not likely to cover the cost of your hiring bill we will not collect from you.

We advise that before hiring our services you get in touch with us for a quote. Some items you have may not be of a high enough value to warrant having them collected. In other words, it may cost you more to hire our services than the money you will make on your goods. If your goods are not likely to cover the cost of your hiring bill we will not collect from you.

At the auction house

Once you arrive at the auction room you should have an idea of how much you want for the goods you are selling. Our auction staff will then be able to give you an estimate on what they think you will be able to make.

An estimate will usually consist of two figures. A bottom figure indicating the lowest price you are likely to make, and a top figure for the highest price it could make.

It is important to remember that whatever figures we give you are estimations. This means that your items could sell below or above the overall estimate.

Filling out our documentation

Assuming that you are happy with the estimates of your goods, you will be asked to fill in some documentation. This will include an entry form and if it is your first time at one of our auctions, a registration form.

Once these have been filled out you will be asked to list your items on the reverse of your entry form. This ensures that our porters know exactly what items belong to you. Receipts will only be given upon request.

What happens now?

From here on out the auction staff will take over and organise your items into LOTS. (Auctioneers sell in LOTS)

They will meticulously go through your goods and decide if anything can be sold singularly. They will also identify any antiques you may have been unaware of.

Once this has been decided any left-over items will be grouped together to be sold as a set.

It is often the case that sellers want their items to be sold separately however it is best if you can give the porters the freedom to LOT them as they see fit. This will maximise profit for both you and the company while making sure your LOT fee isn’t too high.

It is important to remember at this point, that each LOT has a surcharge. Featonby’s charge £1 plus VAT per Lot.

The Auction

Once everything has been sorted into LOTS your items will be displayed for viewing on a Wednesday morning. This allows potential buyers to have a look around and see if there is anything they are interested in. Visitors can also view selected goods on our ‘This Weeks LOT‘ page where some items for auction will be listed.

The sale itself will take place on a Thursday from 10am.

Post-Sale

Assuming all of your items have sold, your account will be checked to confirm everything was correctly marked down to you. Once this has been done your account will be ready.

PLEASE NOTE: most auctions will wait until all of your items have sold before they ready your account. E.g. pay final money owed.

If your items have made over £50 the money will be sent out to you via post in cheque form. Anything under £50 will be available for you to pick up in cash at our auction house office. Accounts are made ready for a Wednesday.

AND THAT’S IT!